An example for a very common human error is revenge trading. You cannot do that if you have well defined setups, because you can only make a trade when there is setup. So if you have it made objective or mechanical or automated then you cannot ...

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Yes, it cannot be overrated. You need to define your strategy well and do most things in an objective manner to get it (fully) automated, so there is no room for discretionary aspects which can easily cause mistakes by human error. If you do not ...

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That is why it is not a good idea to do Prop trading with Myforexfunds. Whenever you have a problem and need customer support from what I hear all the time you get dissatisfied very easily. And when you have got a big neck or lost your head (or any ...

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Let me tell you why there is no really good strategy on youtube, because it would be already arbitraged away. SMC and ICT believers are many on youtube, it is full of them and it seems the actual trend. First of all, it is just a kind of relabelling ...

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It is because a RRR of 1:1 is required on 1 month. Most working average strategies have 2:1 or 3:1 or maybe 4:1 RRR per year, so they are not good enough to pass any Phase 1 challenge for sure. That is a really reason so many are failing because ...

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I know a profitable futures prop trader who had a 70:1 RRR in one year, so his profits was 70 times bigger than his max DD in one year on a non-remote prop trading firm. One of his strategies I have seen he was trading live by looking over his ...

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That is exactly the reason, I am not surprised by this new type of challenge model by the 5ers recently (looking for 100 trades with a profit factor of 2 in total). If I advised a prop firm which needed to copy profitable traders I would also look ...

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That is the difference to trading when doing it properly. One can have an edge, otherwise you can only minimize your losses by solid risk management. So when you have a positive expectancy more trades are usually better with higher consistency. That ...

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If one compares TFT with MFF, on MFF they had $6.2 mln payouts in February '22, with 2708 payouts, that makes an average payout of ca. $2300 compared to the average payout of $7700 on TFT. So the conclusion is that the higher profitable traders ...

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TFT (The Funded Trader) is strongly upcoming and growing. In April over $3.4 million in payouts with average of $7.7k and $54.6k highest payout. About 1740 funded accounts. I find them very interesting as prop firm. New broker with 8cap (spreads are ...

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These are the spreads from the new own server of TFF for your information. On my live account they said they will change the server from IC Markets to their own after the profit split, so it will soon affect all customers from TFF. They also said: ...

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To the German Traders in this thread in German! Habt Ihr schon einen günstigen Steuerberater gefunden ? Meine Suche war lange und dann wollte der netto 20% vom Gewinn bis 20k und immer noch ca. 7% bis 10% vom Gewinn bei 150k. Jeder Trade wird ...

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Why are prop trading firms good ? Why do you need more than 1 prop trading firm ? From a Senior FX trader on one of the big 8 banks in FX sitting in NYC, I know they get 3% to 5% of profits with a max. of $2 to $3 million Drawdown. So that is about ...

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I am a full-time trader, focusing on FX only for the last few years and actually doing several trades per day. But I also do swing trades which I hold up to several weeks.

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Here you see even a newcomer or nobody, doing no marketing at all so far, as I might guess. And still having huge problems with payments on Paypal, no purchases can be made at all. But he has time to thank me that he is reading FF and later he ...

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Because you do not use any EA in the evaluation program. You have seen yourself how difficult it is to deal with their customer service. But these are your nerves and valuable trading time. Also do not forget (did not find the former post right now) ...

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There are many promoting here Myforexfunds (MFF). But MFF is shit. Let me explain you this a little bit. As you might know from reading previous posts like Fagin's or Boulder's ones, you see that there new EA policy is very strict. So if you use any ...

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@Desbinary, no problem at all. This thread looks sometimes like a (paid ??) hidden marketing tool of various prop firms. But I only have my own opinion (unpaid of course). I assume you need to be careful whom and what you believe here in this ...

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Just some of his emails, with his unprofessional appearance and talking in his emails to me. What did he answer after I told him for the third time no payment via paypal or credit card can be made ? "I can't believe this. After all this . I am ...

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@TTT The credit card payment went not through. I gave them some chances but Paypal does not work until today. They fixed it they said to me but it still does not work. A No-go you cannot say it works and when I try it for a third time it still does ...

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